Cardano (ADA) is ready to soar, analysts predict a sharp rise!

Jakarta, Pintu News – In recent weeks, the altcoin market including Cardano (ADA) has experienced significant price fluctuations. Since the beginning of March, Cardano has lost more than 44% of its market value, reflecting the negative sentiment sweeping the sector. However, crypto analyst Ali Martinez recently revealed that ADA may soon experience a major surge if it manages to pass through the bullish pattern that has formed.

Cardano’s stability amidst a shaky market

Although the altcoin market in general is experiencing selling pressure, Cardano is showing better resilience compared to most other cryptocurrencies. In recent days, ADA has managed to maintain a stronger price structure, although it still moves within a limited range.

This price pattern has been forming since November 2024, and investors continue to watch carefully, waiting for a breakout that could change the direction of the market. Meanwhile, technical analysis conducted by Martinez shows that ADA is on the verge of breaking the bullish triangle pattern.

If this pattern is confirmed, it could trigger a price increase of around 15%, pushing ADA to higher resistance zones. However, to maintain the positive momentum, it is important for market participants to maintain current price levels.

Also Read: Ethereum Prediction: Recovery or Bearish Signal? Here’s the Mid-March 2025 Technical Analysis!

Key to Recovery: Breaking $0.80

Currently, Cardano is trading in the $0.73 range, with market participants striving to keep the 200-day daily moving average and exponential moving average as support. To initiate a confirmed recovery rally, it is crucial for ADA to break and hold above $0.80.

This achievement would signal renewed bullish momentum and could open up opportunities to reach higher price targets. However, if Cardano fails to maintain current levels, selling pressure may intensify.

Missing the key support at $0.69 could trigger a sharp drop towards $0.58, extending the existing downtrend and making a short-term recovery more difficult. Therefore, the next few days will largely determine the direction that ADA will take.

Conclusion

With market conditions still full of uncertainty, the coming period will be critical to determine whether Cardano can stabilize itself or if it will experience a further decline. Market participants continue to monitor key resistance and support levels, waiting for decisive movements before making further investment decisions.

Also Read: XRP Predictions and Impact on Crypto Market: 8% Drop After Positive Trend March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Cardano is About to Break Free, Breakout Above Crucial Supply to Trigger a Big Move: Analyst. Accessed on March 17, 2025
• Featured Image: Medium